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Jamie Dimon warns of a financial hurricane coming and what does this mean for you, your money, and your family\u2026 \n\nTraditional mentors don't work in non-traditional environments.\n\nMentors who fail to adapt to the times should be evaluated and replaced. \n\nI find that the financial services industry and some of it's head honchos have been wrong about digital assets, Bitcoin, and many economic predictions. \n\nI am a JP Morgan brat I've met and followed Jamie Dimon for years. Jamie hates Bitcoin and at the same time JP Morgan created the JPM coin (Digital Asset). \n\n\n\nDescribe the single word feelings that arise for you when you tell yourself that story?\n\nJPM had many departments at times the different departments contradict each other. \n\nThese contradictions often confuse clients. \n\nAnd, some of these contradictions come directly from the CEO. \n\nTake for example this comment he made about a major financial hurricane coming. \n\nDo you think that this is what financial advisors, the private bank, and the asset management division is telling their clients. \n\nHypocrisy \n\nThe market is the loudest voice. \n\nA political or corporate figure that serves shareholder always has a conflict of interest when speaking to non shareholders. \n\nWater down public opinions from public figures. \n\nThey don't know you and because they don't know you they don't care about you.\n\nListening to public figures, especially ones who have conflicts of interest can cost you. \n\nListening to people who don't know you or have an obligation to you is like trusting webMD over your own doctor\n\nIf you let it, the rampant opinions of attractive characters will sway you. \n\nWho remembers Cramer telling people to double up on financial stocks that failed right before the financial crisis.\n\nIt's on YouTube people\u2026\n\nAnd, yes this guy still has a show and is still telling people to buy stocks and probably still doesn't know who you are. \n\nPublic opinions are filtered and controlled. \n\nInformation in this sense is monopolized and it's hard to get different points of view from the centralized consensus. \n\n\nCENTRALIZED OPINION\n\nThe centralized bobbleheads usually know nothing about you. \n\nDon't listen to people who don't know you or have an obligation to look out for you.\n\nBy the way, this includes me.\n\nThis is why I always say at the beginning of every episode to consult your own advisor and conduct your own due diligence. \n\nUnless you're my client I don't know you. \n\nTHEY DON'T KNOW YOU\n\nFind a fiduciary and develop a relationship \n\nA fiduciary has a legal obligation to get you to where you are going. \n\nThere able few fiduciaries in our business\n\nAnd lots of stories and excuses for this tragedy. \n\nDon't settle find a fiduciary because they have a legal obligation to lookout for you. \n\nA LEGAL OBLIGATION \n\nBuild a written financial plan \n\nI know I sound like a broken record. \n\nBut you wouldn't go on vacation without a travel plan. \n\nYou would jump on a plane that doesn't have your destination as priority. \n\nIT'S ABOUT YOU PERIOD \n\nListen to the icons but don't buy their plan build your own. \n\nJamie Dimon doesn't know you. \nWarren Buffett doesn't know you. \n\nHire a fiduciary, build a plan around you and be cautious of the mainstream rhetoric.\n\n It is almost always centralized and wrong. \n\nWrong in the sense that it's a medical opinion from a doctor who doesn't even know you exist. \n\nLeadership in Wall street can have many opinions during the course of a market cycle.\n\nRemember, unless you're spending time with these people discussing your plan their opinions are worth LESS. \n\n\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/joesotoproject/message